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we're joined by robin wright and steve clemens, washington editor-at-large for the atlantic. great to have you both experts on. what i'm fascinated by has always been the relationship starting at the time he named her secretary of state, and she agreed to take it. this was a mutual agreement. she could have said no and stayed as a very important senator from new york. this relationship, is it a familiar one like a president and his -- like kennedy and dean rusk or truman and dean acheson? is it like that? we have a big president and a somewhat smaller cabinet ministers or are they like equals? >> i think they're closer to equals but this is not kissinger/nixon. hillary came in as the far more experienced person when it came to knowing the world. her husband had been president. she'd toured the world. he had been. >> she was an international figure. >> she was an international figure. obama was the ingenue. i think obama has become a stronger president on foreign policy. i know there were a couple situations where she's come through with proposals that he's challenged do shall
we're joined by robin wright and steve clemens, washington editor-at-large for the atlantic. great to have you both experts on. what i'm fascinated by has always been the relationship starting at the time he named her secretary of state, and she agreed to take it. this was a mutual agreement. she could have said no and stayed as a very important senator from new york. this relationship, is it a familiar one like a president and his -- like kennedy and dean rusk or truman and dean acheson? is it...
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[laughter] i felt bad for steve. i like steve. i chased after him just to make sure he knew no hard feelings. every time i see steve in the hall now, i say hi, steve, so he knows there's no hard feelings. only recently did it occur to me that his name's probably not steve. [laughter] you know, when i started this year, 2012, i was looking forward to two things. two steps that i believed would help us fundamentally thans form the government into that kind of government or closely resembling that government that our founding fathers envisioned for us. one of the events i knew would occur likely in june, probably towards the end of june, probably the last thursday in june which i quickly identified as june 28th. i was right. the other date that i recognized as potentially transformative of the government, the other date that i recognized that i thought would probably have a positive impact on the development of our constitutional system of government was november 6th. i would just like to say at the outset that i want to thank chief
[laughter] i felt bad for steve. i like steve. i chased after him just to make sure he knew no hard feelings. every time i see steve in the hall now, i say hi, steve, so he knows there's no hard feelings. only recently did it occur to me that his name's probably not steve. [laughter] you know, when i started this year, 2012, i was looking forward to two things. two steps that i believed would help us fundamentally thans form the government into that kind of government or closely resembling that...
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. ♪ [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obviously verizon. okay, i have a different chart. going that way, does that make a difference ? look at verizon. it's so much more than the other ones. so what if we just changed the format altogether ? isn't that the exact same thi ? it's pretty clear. still sticking with verizon. verizon. more 4g lte coverage than all other networks combined. david: breaking news on a media corporation. the head of time warner, the ceo, is going to serve for at least a
. ♪ [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. so, which supeast 4g lte service...
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the real question is steve cohen. what is the future of steve cohen? and where is he? i can tell you in a major way cohen is being eyed by the federal investigators. he's been in the news a lot. we have a very interesting conversation, a deposition he gave in a civil suit. it was a civil suit against fairfax financial, against sac capital. cohen got brought in on the suit. they asked him what was -- what is insider trading? do we have the full screen because this is fascinating stuff. liz: we don't have the name. we don't have the full screen. >> what is going on? [laughter] >> anyway, they asked him, do you know what insider trading, can you give a yes or no answer? what is insider trading? liz: he said i cannot give a yes or no answer. -- >> he said i can't give a yes or no answer. this gets to some ambiguity with insider trading. as someone who sat with a lot of federal investigators, they don't think it's ambiguous. they think there is a real yes or no answer. that's why he's in the crosshairs. we should point out in this case, this fund manager dealt directly with
the real question is steve cohen. what is the future of steve cohen? and where is he? i can tell you in a major way cohen is being eyed by the federal investigators. he's been in the news a lot. we have a very interesting conversation, a deposition he gave in a civil suit. it was a civil suit against fairfax financial, against sac capital. cohen got brought in on the suit. they asked him what was -- what is insider trading? do we have the full screen because this is fascinating stuff. liz: we...
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for like a month now. >> it's steve kornackiism. >> before we go -- >> i'll give you the credit, steve. >> thank you. >> before we go, quickly, you know, i want to get festive for a moment. we have a holiday coming up. that means black friday shopping deals and then of course christmas. a lot of people think about consumer spending and charitable giving around this time of the year. what kind of impact will the fiscal cliff have on that? >> well, it will have an impact. but interesting enough, consumers seem to be navigating through this as well. they haven't cut back on the hiring. the job market is holding firm. unemployment is still trending lower. so i think christmas it won't be great. i don't see how it can be great, but it will be okay. i think we'll be fine. >> all right, mark zandi, thank you. >> thank you. >>> president obama will join 50 million americans on the road this holiday season, but he's not talking turkey. lame duck is on his menu. we'll explain next in "the spin." eat good fats. avoid bad. don't go over 2000... 1200 calories a day. carbs are bad. carbs are good. t
for like a month now. >> it's steve kornackiism. >> before we go -- >> i'll give you the credit, steve. >> thank you. >> before we go, quickly, you know, i want to get festive for a moment. we have a holiday coming up. that means black friday shopping deals and then of course christmas. a lot of people think about consumer spending and charitable giving around this time of the year. what kind of impact will the fiscal cliff have on that? >> well, it will have...
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thank you, steve, we appreciate it. >> michelle, we are talking lower than 2 1/2%. below that number. maybe 2%. maybe 2%. >> we as a nation don't i don't think ever find that acceptable. thanks, steve. >> right. >>> kenny polcari, end pend dent trader sitting on the set with me. likely recession, no matter what shallow big? >> is it going to be shallow other sfwhig that is going to depend on what happens in washington. interesting that steve said that he thought that bernanke gave a doomy assessment. i actually think bernanke was very realistic, saying listen, this is the way it is going to be. you can't make it be optimistic when itville not optimistic as far as d.c. not really carrying on and doing the job. >> your point, when we were chatting earlier, let's say they get the fiscal cliff resolved, in the meantime, companies have already been act. they have done discounting in the worse case. >> what is bernanke going to be able to do, go over and enter a recession, which he said, most people going there is he going to be able to prevent the depth of it? is the fed
thank you, steve, we appreciate it. >> michelle, we are talking lower than 2 1/2%. below that number. maybe 2%. maybe 2%. >> we as a nation don't i don't think ever find that acceptable. thanks, steve. >> right. >>> kenny polcari, end pend dent trader sitting on the set with me. likely recession, no matter what shallow big? >> is it going to be shallow other sfwhig that is going to depend on what happens in washington. interesting that steve said that he thought...
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. >> and we're talking about someone with direct ties to steve cohen and steve cohen isn't named by name, but it's pretty easy to find out what that they are talking about him from reading the charges. explain a little bit. >> going over the complaint, and it is probably the most brilliant complaints i have ever read the government and fbi agent are to be commended for their work. painstakingly correlated e-mails, ims, phone calls along then with public disclosure documents by sac capital, put orders trade orders sell orders etc. etc. all the correlation, they have made their case to show a conversation with the cooperating witness with martoma led to a purchase by sac capital or a sale. they don't mention sac capital. they don't mention mr. cohen, but they do say is that mr. martoma had a conversation with hedge fund owner, had a conversation with his boss, and it also -- >> only one hedge fund owner at sac capital. >> they haven't named it, but you and i can both infer that's what it is. more importantly the government is very very key in this to put in the complaint the nondisclosure
. >> and we're talking about someone with direct ties to steve cohen and steve cohen isn't named by name, but it's pretty easy to find out what that they are talking about him from reading the charges. explain a little bit. >> going over the complaint, and it is probably the most brilliant complaints i have ever read the government and fbi agent are to be commended for their work. painstakingly correlated e-mails, ims, phone calls along then with public disclosure documents by sac...
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and so much more is steve keen he is economist and author of debugging economics which is a great book that you see right there and also one of the great guests to have in studio all the way from down under so first thanks so much for being here so how about you as a wise as always we are so pleased so you said when i came down here from reading those headlines you were you were each until you're out on one of them about the business investment you have this investment because if you look at how businesses can invest from that they can invest from the returning to innings or they can also invest by borrowing money now when you go to a will function in capitalist economy the substantial part of investment is funded by additional debt and this is stuff which even conservative economists like farmer and french have confirmed in the empirical research they say when there is rising when you have rising levels of did it's financing investment in excess of retiring to earnings now if you have a disk a lot of corporations have been through the great recession and so on one reaction they have t
and so much more is steve keen he is economist and author of debugging economics which is a great book that you see right there and also one of the great guests to have in studio all the way from down under so first thanks so much for being here so how about you as a wise as always we are so pleased so you said when i came down here from reading those headlines you were you were each until you're out on one of them about the business investment you have this investment because if you look at...
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you worked at sac i know you know steve cohen. what do you think about the risk for really an iconic hedge fund manager? >> anybody that's an outside investor, almost half, roughly 13 billion, an outsider investor knows this already, that the sec has been trying to get steve for years and years. you mentioned earlier, there's another firm that also has some members or former members that are under indictment or trial. so here's the deal. sac has 500 people. it's tough to influence and to manage all these people. it's incredibly tough compliance procedures in place. i just don't believe he would jeopardize roughly a 6 to $8 billion fortune for even a few hundred million dollars. >> kate, let's bring you back in. sac -- at all, let's make that point. we have to start wonderfing abot the reputational risk as i said in my risk. >> it's very big, scott. there are a few key -- ironically has done well in the last couple of years. ten or 11% year to date and -- criticized for underperforming in the s&p for instance, which was on such a t
you worked at sac i know you know steve cohen. what do you think about the risk for really an iconic hedge fund manager? >> anybody that's an outside investor, almost half, roughly 13 billion, an outsider investor knows this already, that the sec has been trying to get steve for years and years. you mentioned earlier, there's another firm that also has some members or former members that are under indictment or trial. so here's the deal. sac has 500 people. it's tough to influence and to...
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steve forbes was on earlier. he wanted to give them more time and maybe come up with something better. it seems as if we are leaning towards trying to get a deal done. don't you think? even if you listen to boehner and harry reid, pelosi and the president, they are leaning towards getting something done. >> absolutely. i think something must be done. next quarter, we will be faced with the same old fable once again. it is one crisis after another. this was a self created crisis by republicans and autocrats. be careful what you wish for. the day of reckoning is here. connell: let's just take, as the premise of it, let's just say they have too given for whatever whatever reason and say the taxes on the top 2%, the families making $250,000 above, that those are going up. what can they demand in return that they can get from the democrats? >> we need drastic spending reductions. we have to tackle the root cause of our problems which is entitlements. once and for all, we have to tackle entitlements. we can increase ta
steve forbes was on earlier. he wanted to give them more time and maybe come up with something better. it seems as if we are leaning towards trying to get a deal done. don't you think? even if you listen to boehner and harry reid, pelosi and the president, they are leaning towards getting something done. >> absolutely. i think something must be done. next quarter, we will be faced with the same old fable once again. it is one crisis after another. this was a self created crisis by...
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heavier rain comes in tonight. >> thank you, steve. >>> 8:14. new this morning, israel has agreed to hold off on a ground invasion in gaza. this as secretary of state, hillary clinton, is heading to that region right now. alison burns is in our washington, d.c. newsroom with what secretary clinton hopes to accomplish with her visit. alison? >> reporter: and benjamin netanyahu just held a news conference saying he would be a willing partner in a cease-fire with hamas, soon, hillary clinton will be adding her voice sot negotiations. she's head -- to the negotiations. she's headed to jerusalem and then ramallah to help deesra late the violence. israeli defense forces targeted 100 sites overnight to try to rout leaders. israel has signaled it is open to a cease-fire but only if gaza halts their attacks. mohammed morsi is leading the negotiations and believes a cease-fire is imminent. alison burns, ktvu channel 2 news. >>> 8:15. a san jose pastor resigns after a convicted sex offender was allowed to volunteer at a parish festival. father lieu vu, tha
heavier rain comes in tonight. >> thank you, steve. >>> 8:14. new this morning, israel has agreed to hold off on a ground invasion in gaza. this as secretary of state, hillary clinton, is heading to that region right now. alison burns is in our washington, d.c. newsroom with what secretary clinton hopes to accomplish with her visit. alison? >> reporter: and benjamin netanyahu just held a news conference saying he would be a willing partner in a cease-fire with hamas, soon,...
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[ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >> all right. we're looking for a very modest drop for the dow industrials at the opening bell today. remember, we were up over 2,000 points yesterday and down maybe, 15, 16 points, finishing ringing and we have housing start numbers coming in and we begin work on, i believe, under 900,000 new homes and best record in four years and that's going for us. other than that, what have we got. we've got a dow jones industrial average, opened slightly lower and i've got the big story and allegations of serious fraud in morning, hewlett-packard says a british company cheated it before hp bou
[ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >> all right. we're looking for a...
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still food with the south bay commute, let's if to steve. the. >>> make in marin county and they had some rain already, martin in and yet south of that, it is mostly cloudy and winds are picking up the front it has a ways to go but it is a compact front. upper 50s already, in oakland, san francisco, and some of that light rain looks like it is developing over to the south -- southment if you tonight have that rain at all it will be mostly cloudty. >>> the system does boy into tomorrow morning and it toes not begin until 4:00. rain and snow around 7,000 feet and it will dry by and sap fran some milted temperatures, there will be some cooler readings to the north. gilroy and because of that southeast wind it will ramp up here and rain develops and it is out of here. fog will be forming some of that valley fog can be very, very thick. >>> thank you very much steve. continuing coverage of our top story. we first showed you they are also at the oakland international airport and one of the busiest outside the airport with what they are together th
still food with the south bay commute, let's if to steve. the. >>> make in marin county and they had some rain already, martin in and yet south of that, it is mostly cloudy and winds are picking up the front it has a ways to go but it is a compact front. upper 50s already, in oakland, san francisco, and some of that light rain looks like it is developing over to the south -- southment if you tonight have that rain at all it will be mostly cloudty. >>> the system does boy into...
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before i let you go, steve, how much of a leverage is that in these discussions that hillary clinton will have with mohammed morsi, and he really needs to show his colors in terms of where he stands in all this to enjoy the continued support ever the united states. >> i think that's right. we ought to use that as leverage. there is a reason that we do it. you've seen over the past year, the changing dynamics there, you've seen an unwillingness or hesitation on the part of the united states to use that leverage. i would say now is the time to make sure, to make clear that we expect egypt to continue its role, its historical role as a good-faith negotiator and not to sort of throw in with its muslim brotherhood allies in hamas but instead try to play the role of a serious diplomat and mediator. martha: big important moment to show leadership for the united states as you say, steve, and for hillary clinton as she is likely in the waning months ofr. thank you very much. bill: as you suggested there, martha hillary clinton said she will not be back in her post for a second term but it loo
before i let you go, steve, how much of a leverage is that in these discussions that hillary clinton will have with mohammed morsi, and he really needs to show his colors in terms of where he stands in all this to enjoy the continued support ever the united states. >> i think that's right. we ought to use that as leverage. there is a reason that we do it. you've seen over the past year, the changing dynamics there, you've seen an unwillingness or hesitation on the part of the united...
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making payments on time that's all according to data from trans union doesn't sound great economist steve kean is here in studio to talk all things debt deflation and it is the business story that really hit home making the local news circuit in a town near you take a look. snowball cupcakes all of them will vanish. oh oh and twinkies are that list of course that's make or hostess brands made no wonder negotiations are going on it turns out twinkies will likely survive not only the zombie apocalypse but also this latest dispute what does that mean for the cottage industry of sellers hawk in the snack on line we'll discuss let's get to today's capital account. all right as i said half of the nation's forty biggest publicly traded corporate spenders have announced plans to reduce capital expenditures this year or next according to a review by the wall street journal their filings and their conference calls meanwhile we're talking about consumers americans cranked up their use of credit cards in the third quarter which was july to september racking up more debt than a year ago but also being
making payments on time that's all according to data from trans union doesn't sound great economist steve kean is here in studio to talk all things debt deflation and it is the business story that really hit home making the local news circuit in a town near you take a look. snowball cupcakes all of them will vanish. oh oh and twinkies are that list of course that's make or hostess brands made no wonder negotiations are going on it turns out twinkies will likely survive not only the zombie...
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here is sal. >>> steve mentioned the winds may be an issue on the bridges and causeway so use care. also this morning we are looking at the commute on 101 that traffic looks good approaching the split, it is 5:00 let's go to the desk. >>> they are dealing with two water-main breaks. we have alex savage there right now, what is going on right now, alex? >> reporter: people in pittsburgh will be waking up without running water and we will show you why, right here. this is that broken water-main and you can see crews are working on it to try and get access and obviously do the repair work necessary to get the water back on. this is the crews in the city of pittsburgh and they are working between york and cutter. this water-main break is running and at this point, both of the streets in this area are dry. we will show what you this looked like when we first got here as crews were pulling water out of the street. the call was about 8:00 this morning and it sent water rushing down the street. we talked with a man who lives a couple of blocks away and he said at the height of this break he
here is sal. >>> steve mentioned the winds may be an issue on the bridges and causeway so use care. also this morning we are looking at the commute on 101 that traffic looks good approaching the split, it is 5:00 let's go to the desk. >>> they are dealing with two water-main breaks. we have alex savage there right now, what is going on right now, alex? >> reporter: people in pittsburgh will be waking up without running water and we will show you why, right here. this is...
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and from pleasant hill to walnut creek town to alamo, it is a nice drive. 4:46 let's go to steve. >>> well, it is on the mild side, except livermore they have been reporting low to the north wind, 58 in the city and it is a really mild pattern in advance of this very vigorous front but there is rain out ahead of itment it will banally be in the north bay but we will have some rain and it is up in the north coast, but in advance of that a lot of clouds and rain. this look like the north bay and tonight that system moves in as it gets all the way down to the santa cruz mountains down towards north bay and mild temperatures because of that mild southeast and then it is out of here. and we will have to tool with tonight fog, maureen? >>> it happened at 16th and clay. police say the driver hit a truck causing it to flip over. one person had ahead injury but the -- a head injury. the mercedes ran red light away caused the accident before determining if he is competent to stand trial. the defense said the accused shooter is unable to cooperate with his lawyers because he does not understand
and from pleasant hill to walnut creek town to alamo, it is a nice drive. 4:46 let's go to steve. >>> well, it is on the mild side, except livermore they have been reporting low to the north wind, 58 in the city and it is a really mild pattern in advance of this very vigorous front but there is rain out ahead of itment it will banally be in the north bay but we will have some rain and it is up in the north coast, but in advance of that a lot of clouds and rain. this look like the north...
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here's abc's steve osunsami. >> reporter: there's a revolution happening in nascar today. and her name is christmas. you're the real deal? >> i think so. you know, you can't really fake strength. >> reporter: while the track has seen a few women drivers at elite levels. never before has a woman muscled her way into one of the physically demanding roles in the pit. where in less than 12 seconds, they fuel the car and change the tires. it's a crucial job in a multibillion business. a few extra seconds at a pit stop and their driver loses. 30-year-old christmas abbott is such a woman, working the front tire position. and in these recorded practices they study each night, her times are within milliseconds of the big leagues. she was recruited after an audition. and says she was so competitive, she was drawn to the high stakes of racing. you're 5'3". let's see. >> these are with wheels on. >> reporter: with heels on. don't let her look fool you. she's an incredible brand of athlete, who has built her body through intense workouts, and crazy competitions. carrying a 125-pound fr
here's abc's steve osunsami. >> reporter: there's a revolution happening in nascar today. and her name is christmas. you're the real deal? >> i think so. you know, you can't really fake strength. >> reporter: while the track has seen a few women drivers at elite levels. never before has a woman muscled her way into one of the physically demanding roles in the pit. where in less than 12 seconds, they fuel the car and change the tires. it's a crucial job in a multibillion...
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congrats steve. >> steve: is there a prize or cash award. >> we'll come and say hi. >> steve: we would like that. >> "fox and friends" starts right now. see ya. >> today is tuesday. >> alisyn: i am in for gretchen today. getting in the fight between israel and hamas which is really a fight between israel and iran. who is heading there right now. >> steve: she is accuse of lying to the american people about what happened in benghazi. the case against susan rice just got gigantic. >> brian: win for the atheist. 60 year old holiday ritual is over. "fox and friends" starts right now. ♪ >> steve: welcome to studio e and gretchen is still have and you are still here. upon >> alisyn: it is a busy news morning. the u.s. is officially getting involved in the mideast fighting. secretary of state hillary clinton is en route to meet with prime minister benjamin netanyahu as the u.s. embassy attacked this morning. we have leland on the ground. we'll go to washington with the latest details on secretary clinton's mission. >> good morning. israel and terrorist leaders of gaza exchange fire presiden
congrats steve. >> steve: is there a prize or cash award. >> we'll come and say hi. >> steve: we would like that. >> "fox and friends" starts right now. see ya. >> today is tuesday. >> alisyn: i am in for gretchen today. getting in the fight between israel and hamas which is really a fight between israel and iran. who is heading there right now. >> steve: she is accuse of lying to the american people about what happened in benghazi. the case...
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steve liesman is standing by in new york and steve the big thing coming up today has to be when bernanke is going to be speaking. we talked earlier about that. what really do you expect to hear today? >> not unrelated to the report we just got, becky, i think that's a good question because i think bernanke is going to be relatively pleased with what's happened to mortgages. i think there are some on the fed who wanted more of an impact on mortgage rates, given the fed's decision to buy $40 billion in mortgages on a monthly basis, but what they would argue is that the effects are yet to come, because they would say that the effect of fed purchases come with the total stock that the fed owns and/or is taken off the market rather than the cumulative purchases and they really haven't had a chance to wind up, if you look at the fed's balance sheet it hasn't changed very much. >> seriously? >> yes. >> wow. >> i think the fed is going to see, be relatively happy about what's happening in the housing market, this decline is within the tolerance, you had a big jump in october, people expected som
steve liesman is standing by in new york and steve the big thing coming up today has to be when bernanke is going to be speaking. we talked earlier about that. what really do you expect to hear today? >> not unrelated to the report we just got, becky, i think that's a good question because i think bernanke is going to be relatively pleased with what's happened to mortgages. i think there are some on the fed who wanted more of an impact on mortgage rates, given the fed's decision to buy...
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abc's steve osunsami has her story. >> reporter: there's a revolution happening in nascar today, and her name is christmas. you're the real deal. >> i think so. you know, you can't really fake strength. >> reporter: while the track has certainly seen a number of women drivers at elite levels, never before has a woman muscled her way into one of the physically demanding roles in the pit. where in less than 12 seconds they fuel the car and change the tires. it's a crucial job in a multivitamin billion-dollar business. just a few extra second at a pit stop and their driver loses t. >> i just like the way she moves around the car. >> reporter: 30-year-old christmas abbot is that special woman working the front tire position. and in these recorded practices that they study each night, her times are within milliseconds of the big leagues. she was recruited after an audition and says she is so competitive she was drawn to the high stakes of racing. so let's take a look. let's see. >> with heels on. >> reporter: with heels. don't let her looks fool you, she is an incredible athlete, built he
abc's steve osunsami has her story. >> reporter: there's a revolution happening in nascar today, and her name is christmas. you're the real deal. >> i think so. you know, you can't really fake strength. >> reporter: while the track has certainly seen a number of women drivers at elite levels, never before has a woman muscled her way into one of the physically demanding roles in the pit. where in less than 12 seconds they fuel the car and change the tires. it's a crucial job in...
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cock. >> steve: yeah, doug cock. yeah, he was always around, doug cock. [ light laughter ] >> jimmy: next one's a how-to book. they are always useful. this is "how to rip off a drug dealer" by rex feral. [ laughter ] this is a real book. about how to rip off a drug dealer. for real. but, here's the best part, the dedication, look at this. the dedication says, "to the men of courage who dare to take a chance. to tara lee, timothy ryan, and richard, and all those outlaws out there i dare not mention by name." what about tara lee and timothy ryan? [ laughter ] >> steve: yeah! >> jimmy: you just mentioned their names! >> steve: the escobar family just got a hold of those dudes. >> jimmy: "how to rip off a drug dealer." >> steve: do you know what's a good way to make money? >> jimmy: what's that? >> steve: rip off a drug dealer. yeah. they're not well -- >> jimmy: oh, god. well, this one -- we're down to our last book here. >> steve: aw. [ audience aws ] >> jimmy: this is from our friends across the pond. england, to be e
cock. >> steve: yeah, doug cock. yeah, he was always around, doug cock. [ light laughter ] >> jimmy: next one's a how-to book. they are always useful. this is "how to rip off a drug dealer" by rex feral. [ laughter ] this is a real book. about how to rip off a drug dealer. for real. but, here's the best part, the dedication, look at this. the dedication says, "to the men of courage who dare to take a chance. to tara lee, timothy ryan, and richard, and all those...
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abc's steve osunsami has her story. >> reporter: there's a revolution happening in nascar today, and her name is christmas. you're the real deal. >> i think so. you know, you can't really fake strength. >> reporter: while the track has certainly seen a few women drivers at elite levels, never before has a woman muscled her way into one of the physically demanding roles in the pit where in less than 12 seconds, they fuel the car and change the tires. it's a crucial job in a multi-billion dollar business. just a few extra seconds at a pit stop, and their driver loses. >> i just like the way she moves around the car. >> reporter: 30-year-old christmas abbot is that special woman, working the front tire position. and in these recorded practices that they study each night, her times are within milliseconds of the big leagues. she was recruited after an audition and says she's so competitive, she was drawn to the high stakes of racing. so you're 5'3? so let's take a look. let's see. >> these are with heels on >> reporter: but don't let her looks fool you. she's an incredible brand of athle
abc's steve osunsami has her story. >> reporter: there's a revolution happening in nascar today, and her name is christmas. you're the real deal. >> i think so. you know, you can't really fake strength. >> reporter: while the track has certainly seen a few women drivers at elite levels, never before has a woman muscled her way into one of the physically demanding roles in the pit where in less than 12 seconds, they fuel the car and change the tires. it's a crucial job in a...
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tonight gordon will be on the side lines and will meet steve young, watching monday night football. it's cute.((x i recommend they don't try to run her down. she's night lite ning fast, super fast. >> what an opportunity. >> yes. >> beautiful weather out there. just take a sweat shirt. it gets breezy. but dry is the key. it's not going to be dry much longer. we're seeing wet weather from our high definition camera we have a few high clouds coming through. it has been a mild afternoon temperature wise so far. let's check out live dop plef 7 now. clouds have been moving in ahead of the next storm system sprinkles around santa rosa, as i said. in the north bay tonight, rain spreads south tuesday. showers will be diminishing heading into wednesday. so don't worry. thanksgiving is looking great. tomorrow morning, temperatures 50s. as we look, you'll see the storm system coming. this is a slow-moving cold front. the rain begin ndz the north bay as early as this evening. you can see and just stalls there. we'll keep the rain in the north bay. then rain starts to shift south. around san fra
tonight gordon will be on the side lines and will meet steve young, watching monday night football. it's cute.((x i recommend they don't try to run her down. she's night lite ning fast, super fast. >> what an opportunity. >> yes. >> beautiful weather out there. just take a sweat shirt. it gets breezy. but dry is the key. it's not going to be dry much longer. we're seeing wet weather from our high definition camera we have a few high clouds coming through. it has been a mild...
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as steve points out. as a result of the arab spring, israelis are more vulnerable than they were a year ago. i think it is up to president obama to back up statements with serious reengaging with turkey and egypt right now. they might be having the talks but until the u.s. gets involved, i think there is not a likelihood of cease-fire. if there is one, it just seems in the absence of a political resolution, which seems hopeless at this point, it seems like it will be temporary. it won't be durable one. >> shannon: charles, talk about turkey. today, the prime minister there referred to israel as a terrorist state. that raised hackles here in washington and elsewhere. what do you make of it? >> it's win of the reason -- one of the reasons that hamas started this in the first place. they did with a barrage of 150 rockets, over several days before israel retaliated. why would they want to do that? because hamas is strategic aim right now to change to institutionalize the change in their relations, their power
as steve points out. as a result of the arab spring, israelis are more vulnerable than they were a year ago. i think it is up to president obama to back up statements with serious reengaging with turkey and egypt right now. they might be having the talks but until the u.s. gets involved, i think there is not a likelihood of cease-fire. if there is one, it just seems in the absence of a political resolution, which seems hopeless at this point, it seems like it will be temporary. it won't be...
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steve wynn, that's where we to want ask him, do you to want save $20 million on taxes? are you that secure your credit will be so great you'll be able to borrow next year if you need that cash? or do you to want ask steve wynn, do you not have anything to invest in because 2013 is going to stink? those are the questions i want to ask. i think giving money away, i think it's great. why should corporations keep all this cash? make them lean and mean. >> the way you're dividing it, if you were going to give the money anyways, why not move it up, but you question if they were going to in the first place? >> here's the thing that bothers me a little bit. it won't be until next year we know did that ceo -- if you're a ceo, think about it, you get an out, you goat say, i'm grog give this money back so the tax man doesn't steal it from you versus saying, i'm unsure about what my cap-ex is going to be because of a european recession. that sounds weak. that sounds like you don't know how to invest money. to say it's to save taxes, hey, you have pressure off you. >> i think we hav
steve wynn, that's where we to want ask him, do you to want save $20 million on taxes? are you that secure your credit will be so great you'll be able to borrow next year if you need that cash? or do you to want ask steve wynn, do you not have anything to invest in because 2013 is going to stink? those are the questions i want to ask. i think giving money away, i think it's great. why should corporations keep all this cash? make them lean and mean. >> the way you're dividing it, if you...
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that could also be military. >> no wonder. >> stay there, steve. good stuff. let's talk about the cliff-hanger's impact on corporate spending. it is the lead story in the wall street journal today with half of the nation's 40 biggest spenders already cutting back as if another recession was on the way here or here. >> cato institute says this should be expected, companies need to protect themselves. michael mandela couldn't disagree more. he says it's nonsense. companies are tightening the purse strings when they have so much cash. michael, any incentive right now? why do you think this is poppycock, the fiscal cliff is not leading to companies investing? >> let's look at it addition let's take a closer look at spending patterns. what's happening is that tech investment is still rising. in fact, tech investment hit an all-time record in the third quarter. it's nontech spending, nontech investment that's collapsing. that has a lot more to do with fundamentals than it does to do with the fiscal cliff. what's happening is that this is becoming a data-driven world
that could also be military. >> no wonder. >> stay there, steve. good stuff. let's talk about the cliff-hanger's impact on corporate spending. it is the lead story in the wall street journal today with half of the nation's 40 biggest spenders already cutting back as if another recession was on the way here or here. >> cato institute says this should be expected, companies need to protect themselves. michael mandela couldn't disagree more. he says it's nonsense. companies are...
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matt mccormick, portfolio manager, and steve masoka. steve do you agree or disagree with goldman stocks are likely to go down? >> i beg to disagree. i think that the market way overreacted to this fiscal cliff news. i think we saw very conciliatory talk coming out of both republicans and democrats. i think there is a deal that will be made before the end of the year and i think that deal will be done by essentially not cutting the deficit as much as one had anticipated. yes we'll get tax increases but they won't be as great as the democrats had asked for, and yes we'll get spending cuts but they won't be as great as the republicans have asked for and then we'll all go off to christmas very happy and smiley. i think the market senses that now after the friday press conference and that's what you see in this rally today. >> basically you are saying it is a whole much to do about nothing. with regards to dividends, matt, this is what your firm specializes in. you're poo-pooing this theory that people are dumping dividend paying stocks ahea
matt mccormick, portfolio manager, and steve masoka. steve do you agree or disagree with goldman stocks are likely to go down? >> i beg to disagree. i think that the market way overreacted to this fiscal cliff news. i think we saw very conciliatory talk coming out of both republicans and democrats. i think there is a deal that will be made before the end of the year and i think that deal will be done by essentially not cutting the deficit as much as one had anticipated. yes we'll get tax...
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precisely what you saw from steve. among them leaders of boeing, weyerhaeuser. joining us on the phone, representative adam smith, a democrat from the ninth district of washington. representative smith, thanks for joining us. i can't think of a better name for a guest on cnbc. >> people are always disappointed that i don't know a lot more about economics than i actually do. but at least it is good to have the name. >> you know what the invisible hand is, at a minimum. >> only too well. >> first of all, before we get into the details of the fiscal cliff, what would you say to americans who don't understand why congress is gone on vacation this week when there's such a huge bit of work -- or piece of work that needs to get done this week when it comes to the fiscal cliff or before the end of the year? >> first of all, we're not on vacation. i'm in my district right now driving through the rain in the pacific northwest. visiting businesses and schools and a big part of our job is listening to our constituents and interacting with our constituents and talking to the
precisely what you saw from steve. among them leaders of boeing, weyerhaeuser. joining us on the phone, representative adam smith, a democrat from the ninth district of washington. representative smith, thanks for joining us. i can't think of a better name for a guest on cnbc. >> people are always disappointed that i don't know a lot more about economics than i actually do. but at least it is good to have the name. >> you know what the invisible hand is, at a minimum. >> only...
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let's go to steve. >>> more clouds up to the north bay. one more front in this current pattern and then things quiet down a little bit as we head into thursday and the weekend. there will be a lot of that -- sh valley fog popping up -- that valley fog popping up. partly clear, partly cloudy. it will be clear. you can see the rain up towards eureka, crescent city. forget that stuff this middle. 40s and 50s on the temperatures. they kind of are in a small range here just due to the cloud cover. that cloud cover is going to move starting tuesday but not today. clouds, sun, mild, more cloudy, skies north. a lot more sun to the south. you can expect more clouds. 60s, mid-60s a little cooler up to the north bay. front comes in tuesday afternoon. tuesday into wednesday. and then it is out of here. thursday looks good. it will be dry as we go into the weekend. some of that fog could make for very difficult driving, nights and morning, especially away from the coast. >>> 7:26. we're getting late word now. there
let's go to steve. >>> more clouds up to the north bay. one more front in this current pattern and then things quiet down a little bit as we head into thursday and the weekend. there will be a lot of that -- sh valley fog popping up -- that valley fog popping up. partly clear, partly cloudy. it will be clear. you can see the rain up towards eureka, crescent city. forget that stuff this middle. 40s and 50s on the temperatures. they kind of are in a small range here just due to the cloud...
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let's go to steve. >>> thank you, steve. a lot of high clouds around. partly sunny and partly cloudy. more clouds up toward the north bay and light rain. but jet stream lifted a little bit. there will be a lot of rain. shelter cove north as we go over the next 5-7 days. for us we just have one more system and then after that things look like they will calm down. okay tonight. partly cloudy. looks cool. upper 50s for the game tonight. no rain forecast. 50s on the temps rear. low few mid. oakland, san francisco. it's actually going to take another day before it gets bumped along. it will stay up there. up there being northern california for awhile. then tomorrow this starts to move tuesday evening will be into the north bay with rain. overnight into wednesday morning and then out of here. the pattern will change. cloud, sun, mild. more clouds to the north, more sun to the south. that looks a little cooler. upper 50s and 60s toward the north. upper 60s morgan hill. clouds, rain developing on tuesday afternoon evening. we'll take that into wednesday morning
let's go to steve. >>> thank you, steve. a lot of high clouds around. partly sunny and partly cloudy. more clouds up toward the north bay and light rain. but jet stream lifted a little bit. there will be a lot of rain. shelter cove north as we go over the next 5-7 days. for us we just have one more system and then after that things look like they will calm down. okay tonight. partly cloudy. looks cool. upper 50s for the game tonight. no rain forecast. 50s on the temps rear. low few...
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steve, thank you. >> thank you. bill: what are you having for lunch? >> twinkie, peanut butter and jelly and an apple. bill: i'll meet you there. jon scott coming up 12 short minutes away. how are you doing. jon: i'm already thinking about turkey. bill: save me a drum stick will you. jon: the violence between israel and gaza seems to be getting worse, but are you getting the full story? we'll look at how the media coverage of those dudley attacks sometimes skews the reality. who blinks first when it comes to addressing the fiscal cliff. by the sides say they will reach an agreement. who is actually willing to make the painful concessions on what they want? all eyes on the political drama in washington. a fit over a california nativity scene heads to the courtroom today. a 60-year-old tradition up ended by atheists, whose freedoms are being quashed here? the debate in ten minutes. bill: thank you, jon. all right this solar explosion should have you concerned because our next guest says this incredible solar flair should serve as a warning sign for life
steve, thank you. >> thank you. bill: what are you having for lunch? >> twinkie, peanut butter and jelly and an apple. bill: i'll meet you there. jon scott coming up 12 short minutes away. how are you doing. jon: i'm already thinking about turkey. bill: save me a drum stick will you. jon: the violence between israel and gaza seems to be getting worse, but are you getting the full story? we'll look at how the media coverage of those dudley attacks sometimes skews the reality. who...
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steve liesman has the answers next. first, rick santelli, what are you working on in the next big hour of "squawk on the street"? >> well, they say, melissa lee, that imitation is the sincerest form of flattery. i don't think it's a big reach to consider that the u.s. seems to be striving to be more european in many ways. a topic for santelli exchange today is going to be bending it like europe. fizzle and sizzle cycles. what have we learned? what should we expect? top of the hour. ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. >> want
steve liesman has the answers next. first, rick santelli, what are you working on in the next big hour of "squawk on the street"? >> well, they say, melissa lee, that imitation is the sincerest form of flattery. i don't think it's a big reach to consider that the u.s. seems to be striving to be more european in many ways. a topic for santelli exchange today is going to be bending it like europe. fizzle and sizzle cycles. what have we learned? what should we expect? top of the...
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let's check in with steve paulson. it's important week. >> it is. >> yes. thanksgiving by the way coming up. >> thank you. cloudy skies. we had a little break from some of that rain. the cloud cover there is still some up there. rain stays to the north. that is going to change. we'll talk about that coming up in five minutes. highs today in the 60s. here is sal. >>> good morning. right now san francisco traffic looking good. no major problems coming up to the 80 split right now. also the morning commute looks good if you are driving approaching the bay bridge. it's 5:00 let's go back to dave and pam. >>> all right thank you, sal. in just a few hours san jose police will be speaking out about a series of crimes that led up to an officer involved shooting. 26-year-old jonathan wilbanks and another man are responsible for four armed robberies. a homicide and officer involved shooting all in one night. wilbanks was arrested friday when he and another man opened fire on two officers. one of the officers is hurt and is recovering. police are offering a $10,000 re
let's check in with steve paulson. it's important week. >> it is. >> yes. thanksgiving by the way coming up. >> thank you. cloudy skies. we had a little break from some of that rain. the cloud cover there is still some up there. rain stays to the north. that is going to change. we'll talk about that coming up in five minutes. highs today in the 60s. here is sal. >>> good morning. right now san francisco traffic looking good. no major problems coming up to the 80 split...
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steve, you're on twitter too right. >> sp weather. you know i love it. absolutely. great information. if you have information that is the best way to get ahold of me by a mile. football forecast looks gad. partly cloudy. mostly cloudy. but nothing you can't handle. or nothing you have never seen before. tuesday night yes but not monday night. the track has lifted a little bit to the north. mostly cloudy today. temperatures already in the 50s. patchy fog. i think that will be a huge issue end of the week. there might be a little bit today. you need clear skies and we're not getting that. light rain up toward mendocino county or lake county as well. see a couple bans near ukiah. this is very weak. this is a system that is on its way. but not for another 36 hours. there is a lot of rain up to the north. we have to wait until tuesday night and wednesday. when this goes through and the pattern changes. so clouds and sun. mostly cloudy. could be very light rain to the north. but again this system rain picks up a little bit. but again it's not going to be -- we will fine t
steve, you're on twitter too right. >> sp weather. you know i love it. absolutely. great information. if you have information that is the best way to get ahold of me by a mile. football forecast looks gad. partly cloudy. mostly cloudy. but nothing you can't handle. or nothing you have never seen before. tuesday night yes but not monday night. the track has lifted a little bit to the north. mostly cloudy today. temperatures already in the 50s. patchy fog. i think that will be a huge issue...
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mark halperin and steve are still with us. managing editor of fortune magazine, top businessperson of 2012. we'll get a look at that in just a moment. and in washington, we have the moderator of "meet the press" david gregory. david, thanks for being back with us this monday morning. >> you bet. good morning. >> busy "meet the press" yesterday. >> really business i "meet the prsz" and of course a lot of talk about susan rice who may be the next secretary of state, also a lot of talk about benghazi and the question of whether the white house basically misled the public by sending susan rice out five days afterward when petraeus last week said what he said which was, we knew immediately it was a terror attack from al qaeda. >> we'll start right there. we begin this hour with developments in the on doing con k tro controversy. members of congress are now vowing to find out why the cia's conclusion that terrorism was to blame for the t attack was removed from u.n. ambassador susan rice's talking points. in the days following the d
mark halperin and steve are still with us. managing editor of fortune magazine, top businessperson of 2012. we'll get a look at that in just a moment. and in washington, we have the moderator of "meet the press" david gregory. david, thanks for being back with us this monday morning. >> you bet. good morning. >> busy "meet the press" yesterday. >> really business i "meet the prsz" and of course a lot of talk about susan rice who may be the next...
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steve, steve -- steve case here, i was about to tcall you a different steve. steve case has talked about the importance of immigration. i'm curious, are there many students you've had over the years who have left and are there good examples of students who have gone through your program, gone through your classes and ended up going back to their home country and building out great entrepreneurial adventures? >> sure. i've stopped keeping score. this country used to be a magnet for people who came here and fought to stay, and for some reason we've been making it more and more difficult for those who want to stay and we spend an enormous amount of time educating them and then we kind of send them back home. it just doesn't make sense. >> half of the ph.d. and masters candidates at our great research universities are from other nations and about half of those then get kicked out when they want to stay here because they are not really given the opportunity. it's really crazy. we should give them not only the encourage but encourage and ask them to stay here. >> st
steve, steve -- steve case here, i was about to tcall you a different steve. steve case has talked about the importance of immigration. i'm curious, are there many students you've had over the years who have left and are there good examples of students who have gone through your program, gone through your classes and ended up going back to their home country and building out great entrepreneurial adventures? >> sure. i've stopped keeping score. this country used to be a magnet for people...
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>> steve: absolutely. all right. meanwhile, speaking of sandy, let's talk about this. you've seen the pictures. there are still a lot of people without electricity and a lot of people will not be in their homes for the holidays because their homes are destroyed. extraordinarily, that's some of the devastation in breezy point. the department of buildings for new york city has a number of those destroyed homes and on whatever is standing, that's an unsafe sticker. on some of the other homes, they're putting tickets and they write things like, failure to maintain. and there would be a criminal prosecution if not immediately corrected. >> brian: do you believe this? i heard of being on the wrong page, but they go into a place like breezy point and essentially put what amounts to a ticket on there? >> alisyn: shocking. so homeowners who lost so much, been so devastated and traumatized come home, find a ticket, a summons of sorts on their house for failure to maintain it since the hurricane that destroyed it and
>> steve: absolutely. all right. meanwhile, speaking of sandy, let's talk about this. you've seen the pictures. there are still a lot of people without electricity and a lot of people will not be in their homes for the holidays because their homes are destroyed. extraordinarily, that's some of the devastation in breezy point. the department of buildings for new york city has a number of those destroyed homes and on whatever is standing, that's an unsafe sticker. on some of the other...
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. >>> and many call him the next steve jobs. you are probably already using something this quiet genius already invented. the "wall street journal report" begins right now. >> this is america's number 1:00 one financial news program, "wall street journal report." now maria bartiromo. >>> here's a look at what is making news as we head to a new week on wall street. corporate america had a strong message for president obama this week. ceos of a dozen of america's largest companies met with the president and warned that washington must reach a deal to avoid the fiscal cliff. the president also sat down with congressional leaders and officially began negotiations. if congress doesn't act taxes on income, dividends and estates will go up and spending cuts will kick in january 1st. this week, i spoke to allen simpson ander skis bowl subpoeimpson anders skin bowls. >> you can't spend or grow your way out of. this grab hold it will be a rocky road. >> you say closing the loopholes alone brings a trillion. >> if you are willing to wipe o
. >>> and many call him the next steve jobs. you are probably already using something this quiet genius already invented. the "wall street journal report" begins right now. >> this is america's number 1:00 one financial news program, "wall street journal report." now maria bartiromo. >>> here's a look at what is making news as we head to a new week on wall street. corporate america had a strong message for president obama this week. ceos of a dozen of...
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i felt bad for steve. i like steve. i chased after him to make sure he knew no hard feelings. so every time i see him in the hall i say high so he knows there are no hard feelings. although it did occur to me, his name is probably not steve. \[laughter] so when i started this year, 2010 i was looking forward to two things, two steps that i believed would help us fundamentally transform our government into that kind of government or something more closely representing or resembling that kind of government that our founding father's envisioned for us. one of those events i knew would occur in june, probable toward the end of june probable the last thursday in june chi quickly identified as june 28. the other date that i recognize as potentially transformative of our government, the other date that i recognize that i thought would probably have a positive impact on the development of our constitutional system of government was november 6. and i would just like to say at the out set that i want to thank chief justice roberts for preparing me john june 28 for the disappointment i w
i felt bad for steve. i like steve. i chased after him to make sure he knew no hard feelings. so every time i see him in the hall i say high so he knows there are no hard feelings. although it did occur to me, his name is probably not steve. \[laughter] so when i started this year, 2010 i was looking forward to two things, two steps that i believed would help us fundamentally transform our government into that kind of government or something more closely representing or resembling that kind of...
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steve forbes said we should just fall off the fiscal cliff and let the cards fall where they may and let this president take the blame for it, but i do believe, you guys, they're going to work a deal. as for benghazi and susan rice, i think that this is worse than watergate. if the president does double down it will backfire on him. lou: the last word. >> the only has so much political capital to spend. he spends it all once is a rise, which i think is a fool's errand because we don't know where this is going. we do know that their have to be other hearings. it could not end today please today was a very bad day for him on this. lou: as we watch all this one can begin to understand his error in senate. he, david axelrod, his reelection campaign, his administration, they have successfully fended off an inquiry from the republicans, the national media, won reelection, and they look like they are one heck of a lot smarter than the republicans. thank you very much. appreciated. good to see you. lou: that petraeus sex scandal. without it would we have never learned more about a dozen? and
steve forbes said we should just fall off the fiscal cliff and let the cards fall where they may and let this president take the blame for it, but i do believe, you guys, they're going to work a deal. as for benghazi and susan rice, i think that this is worse than watergate. if the president does double down it will backfire on him. lou: the last word. >> the only has so much political capital to spend. he spends it all once is a rise, which i think is a fool's errand because we don't...
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Nov 19, 2012
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i'm steve kroft. the so-called great recession sparked by the financial crash of 2008 continues to impact the business practices of wall street and the lives of americans on main street. this edition examines the seismic shock of the economic collapse on american families and what many of them believed were their most unshakable investment vehicles: their homes and their 401(k) retirement savings plans. we begin today with the culture of wall street and the role that it played in the crash. if you had to pick someone to write the autopsy report on the wall street financial collapse in 2008, you couldn't do any better than michael lewis. he is one of the country's preeminent nonfiction writers with a knack for turning complicated, mind-numbing material into fascinating yarns. he wrote his first best seller, liar's poker, about his experiences as a young wall street bond trader when he was still in his 20s. another lewis best seller called the big short: inside the doomsday machine was published in marc
i'm steve kroft. the so-called great recession sparked by the financial crash of 2008 continues to impact the business practices of wall street and the lives of americans on main street. this edition examines the seismic shock of the economic collapse on american families and what many of them believed were their most unshakable investment vehicles: their homes and their 401(k) retirement savings plans. we begin today with the culture of wall street and the role that it played in the crash. if...
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Nov 19, 2012
11/12
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>> steve kleppe: it's tremendously important. in the supply chain, this is step one. and you'll find these type of clandestine labs closest to the coca fields themselves. >> logan: the piles of coca leaves you see here are the source of the cartel's vast fortune. inside these big barrels, the leaves are soaked with gasoline and toxic chemicals to make unrefined cocaine. there are thousands of labs like this across colombia. they're easy to build and easy to conceal. the commandos set a series of explosive charges throughout the makeshift structure, and directed us to a nearby coca field where we watched the jungle lab go up in smoke. it's a tiny but critical part of the super cartel's global enterprise. 200 miles to the north, the cartel bosses ran their daily operations from a string of small cafes and coffee shops in an upscale neighborhood in bogota. that's where luis sierra and other ice agents shadowed them for months. how difficult was it to run surveillance on this cartel? >> sierra: i'd say this was the most difficult surveillance that we've ever seen. these g
>> steve kleppe: it's tremendously important. in the supply chain, this is step one. and you'll find these type of clandestine labs closest to the coca fields themselves. >> logan: the piles of coca leaves you see here are the source of the cartel's vast fortune. inside these big barrels, the leaves are soaked with gasoline and toxic chemicals to make unrefined cocaine. there are thousands of labs like this across colombia. they're easy to build and easy to conceal. the commandos...
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Nov 19, 2012
11/12
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. >>> and then the man who many in the technology world call the next steve jobs. you're probably already using something this quiet genius already invented. "the wall street journal report" begins right now. >> this is america's number-one financial news program. "the wall street journal report." now, maria bartiromo. >> here's a look what's making news as we head into a new week on wall street. corporate america had a strong message for president obama this week. ceos from more than a dozen of america's largest companies met with the president and warned that washington must reach a deal to avoid the fiscal cliff. the president also sat down with congressional leaders and officially began negotiations. if congress doesn't act, taxes on income, capital gains, dividends and estates will all go up. and automatic spending cuts will kick in, beginning on january 1st. this week, i spoke with alan simpson and erskine bowles, authors of a deficit reduction plan about what needs to be done. >> you can't tax your way out of this. you can't cut spending your way out of this
. >>> and then the man who many in the technology world call the next steve jobs. you're probably already using something this quiet genius already invented. "the wall street journal report" begins right now. >> this is america's number-one financial news program. "the wall street journal report." now, maria bartiromo. >> here's a look what's making news as we head into a new week on wall street. corporate america had a strong message for president obama...
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Nov 19, 2012
11/12
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>> i think it was the first time steve's wife had seen him hold an iron. so that might ruin the rest. >> we thought so.
>> i think it was the first time steve's wife had seen him hold an iron. so that might ruin the rest. >> we thought so.